Comments: With $1.4 billion in sales in 2017, Sensient Technologies is a global leader in numerous markets, including flavors, fragrances and colors for foods and beverages, pharmaceuticals, cosmetics, home and personal care products, specialty printing and imaging products, computer imaging and industrial colors.

The company also has a significant position in inkjet inks. Sensient Imaging Technologies is well positioned in the industrial inkjet ink field with its Xennia and ElvaJet ink lines. Ink World estimates its global sales of inks at $65 million, covering OEM printers and industrial and textile markets.

Sensient’s overall sales remained flat at $1.4 billion in 2017. Operating income declined slightly to $167.8 million in 2017, from $185.6 million for 2016.

The company’s inkjet inks are part of the Color Group, which had revenue of $526.4 million, an increase of 4.4% from $504.1 million in 2016. The Color Group’s operating income was $113.4 million in 2017, up 7.2% compared to $105.8 million in 2016.

“The company delivered adjusted earnings per share growth of 6.5%, and the Color Group had a strong year,” said Paul Manning, chairman, president and CEO of Sensient Technologies. “With our restructuring now complete, I am confident Sensient will deliver strong results in 2018, and I remain very optimistic about the company’s future.”

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